Crypto Blog
Bitcoin has been trading sideways since March, and the third quarter, especially September, has traditionally been a bearish period.
With the month and quarter approaching the end, analysts are turning bullish again, predicting a long-awaited breakout for BTC and crypto markets. On Sept. 18, analyst ‘RamenPanda’ observed that markets have spent six months going sideways, “yet the price is barely down from the previous high.”“If you think we won’t have a world shocking of a rally next, you are f**king delusional. All that time spent in sideways will be compensated by upward momentum.”Corrections can take place in two forms : price depth or timethat “sentiment among crypto traders has not been this low since 2022.
“The last time the Fed cut rates, Bitcoin went parabolic. If history repeats itself, the next 6-12 months are going to be insane,” commented crypto YouTuber Lark Davis in a post on X on Sept. 17.The last time the Fed cut rates, Bitcoin went parabolic, “There has never been a more uncertain Fed meeting on record,” before adding, “Regardless of what the Fed does tomorrow, half of the market will be disappointed.
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